Costco Reports Strong June Sales Driven by E-Commerce and International Growth
Costco Wholesale Corporation reported a strong increase in sales for June, reaching $26.44 billion. This is an 8% rise compared to the same month last year.
The company said the boost was helped by loyal customers, expanding online sales, and growth in stores outside the United States.
Comparable sales, which measure sales at stores open for at least a year, grew by 5.8%. In the United States, comparable sales were up 4.7%, in Canada up 6.7%, and in other international markets there was a 10.9% increase.
Comparable sales show how much sales have grown at stores that have been open for at least a year. This helps show the company’s real growth, not just from opening new stores.
The growth was mainly due to loyal customers (members), more online shopping, and stronger sales in international stores.
Costco saw especially strong growth in international markets, with comparable sales rising by 10.9% outside the US and Canada.
Proactive Investors
PYMNTS
The Motley Fool